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FS Bancorp cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$31.8M in Q3 2026 · $88.3M over twelve months

Operating cash flow$33.1M
Capital spending−$1.3M
Free cash flow+$31.8M
Cash / net income6.7×

Analysis

In Q3 2026, FS Bancorp generated $33.1M of operating cash flow and spent $1.3M on capital projects, leaving free cash flow of $31.8M. That is $9.8M less than in Q3 2025 ($41.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $106M; the largest uses were other investing ($75.1M), capital spending ($17.9M), other financing ($14.9M); besides operations, cash came from shares issued ($1.4M); the cash balance fell by $17.3M.

Operating cash flow was $33.1M against net income of $4.9M — 6.7× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$4.3M, depreciation & amortization +$3.2M, prepaid and other assets +$2.0M.

Free cash flow

FS Bancorp: free cash flow by quarterFS Bancorp: free cash flow by quarter$41.1MQ4 2024$7.8MQ1 2025$5.9MQ2 2025$41.6MQ3 2025−$3.4MQ4 2025$8.4MQ1 2026$51.4MQ2 2026$31.8MQ3 2026
Operating cash flow less capital spending.
FS Bancorp: operating cash flow against capital spendingFS Bancorp: operating cash flow against capital spendingOperating cash flowCapital spending$41.5M$382KQ4 2024$8.2M$350KQ1 2025$7.1M$1.3MQ2 2025$44.6M$3.0MQ3 2025$12.4M$15.7MQ4 2025$8.7M$273KQ1 2026$52.0M$574KQ2 2026$33.1M$1.3MQ3 2026
Latest (Q3 2026): Operating cash flow $33.1M, Capital spending $1.3M.

Capital allocation, year by year

FS Bancorp: where the cash came from (up) and went (down), by fiscal yearFS Bancorp: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $109MFY2021: Capital spending −$2.0MFY2021: Buybacks −$14.0MFY2021: Dividends −$4.6M$109MFY2021FY2022: Operating cash flow $185MFY2022: Shares issued $503KFY2022: Capital spending −$1.6MFY2022: Buybacks −$15.6MFY2022: Dividends −$7.1M$185MFY2022FY2023: Operating cash flow $77.7MFY2023: Shares issued $1.0MFY2023: Capital spending −$1.7MFY2023: Buybacks −$223KFY2023: Dividends −$7.8M$78.7MFY2023FY2024: Operating cash flow $50.8MFY2024: Shares issued $1.1MFY2024: Capital spending −$1.6MFY2024: Buybacks −$2.5MFY2024: Dividends −$8.3M$51.9MFY2024FY2025: Operating cash flow $72.3MFY2025: Shares issued $1.2MFY2025: Capital spending −$20.4MFY2025: Buybacks −$15.4MFY2025: Dividends −$10.3M$73.5MFY2025
Over these 5 years operating cash flow totalled $495M; the largest uses were buybacks ($47.7M) and dividends ($38.0M). Cash-flow statements as filed.

Where the cash came from and went

FS Bancorp: sources (+) and uses (−) of cash, Q3 2026FS Bancorp: sources (+) and uses (−) of cash, Q3 2026Other investing−$40.9MOperating cash flow$33.1MOther financing$27.2MCash drawn (+) / kept (−)−$14.2MDividends−$2.2MBuybacks−$2.0MCapital spending−$1.3MShares issued$320K
FS Bancorp: sources (+) and uses (−) of cash, TTM to Q3 2026FS Bancorp: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$106MOther investing−$75.1MCapital spending−$17.9MCash drawn (+) / kept (−)$17.3MOther financing−$14.9MDividends−$8.6MBuybacks−$7.8MShares issued$1.4MTaxes on employees’ shares−$538K

From profit to cash

FS Bancorp: net income to operating cash flow, Q3 2026FS Bancorp: net income to operating cash flow, Q3 2026Net income$4.9MDepreciation & amortization$3.2MStock-based pay$627KPrepaid and other assets$2.0MOther liabilities$4.3MOperating cash flow$33.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$33.1M−$1.3M−$2.0M−$2.2M$320K−$14.2M$31.8M
Q2 2026$52.0M−$574K−$3.6M−$2.2M$381K$9.0M$51.4M
Q1 2026$8.7M−$273K−$620K−$2.2M$383K−$10.5M$8.4M
Q4 2025$12.4M−$15.7M−$1.5M−$2.1M$285K$33.1M−$3.4M
Q3 2025$44.6M−$3.0M−$4.9M−$3.8M$287K−$28.1M$41.6M
Q2 2025$7.1M−$1.3M−$5.2M−$2.2M$314K$29.5M$5.9M
Q1 2025$8.2M−$350K−$3.8M−$2.2M$336K−$31.1M$7.8M
Q4 2024$41.5M−$382K—−$2.1M$243K$8.7M$41.1M

FS Bancorp: income statement and cash flow

FS Bancorp, Q3 2026: revenue $41.9M (+7% year over year), operating margin 14.5%. The chart follows the revenue to costs, profit and cash.

FS Bancorp: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.